President Donald Trump is reportedly weighing a proposal to cut the capital gains tax on home sales ahead of the midterm elections. Here is what that effort might look like and how it could affect homeowners.

In an interview with Fox Business host Larry Kudlow, National Economic Council Director Kevin Hassett said this week that Trump is exploring policy proposals ahead of the November midterm elections. Kudlow said he has discussed with the president indexing capital gains to inflation and exempting sales of homes worth $2 million or less from capital gains.